One Liberty Properties reports Q3 AFFO 46c, consensus 48c

Reports Q3 revenue $22.2M, consensus $21.89M. “We continue to evolve the portfolio towards industrial assets, with approximately 70% of our base rent being derived from this property sector. Our recent $33 million purchase of an industrial property further strengthens our industrial platform and provides greater stability of cashflow over the longer term,” stated Patrick J. Callan, Jr., President and Chief Executive. Officer of One Liberty. “While our current results were pressured relative to the prior year, we believe that our efforts to further expand our industrial portfolio will result in a stronger company in the coming years.”